The market for lactic acid is growing as it is largely used in various industrial applications such as in biodegradable polymers, food & beverages, personal care products, and pharmaceutical industries. The lactic acid market is mainly driven by its end-use industries.

In 2013, Biodegradable polymers formed the largest application for lactic acid, followed by food and beverages. The lactic acid market is estimated to grow at a CAGR of 18.8% from 2014 to reach $3,577.5 million by 2019.

The report includes development strategies and product portfolios of the leading companies. The profiles of leading companies such as Nature works LLC (U.S.), Synbra Technology B.V (Netherlands), Purac (Netherlands) have been included in the report. The report further provides qualitative analysis of the prominent market players and their preferred development strategies.

The report provides a comprehensive review of the main market drivers, challenges, and key issues in the respective markets. The markets are further segmented and projected for key geographic regions, which are North America, Europe, Asia-Pacific, and Rest of the World. The top players of the industries have been profiled in detail with their recent developments and other strategic industry activities discussed.

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